5 Apr 2016 07:00
5 April 2016
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Sound Energy plc
(the "Company" or "Sound Energy")
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Receipt of Indonesian Contingent Consideration
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The Company announces that it has received a US$1.1 million (less 7% transfer tax) cash payment from Ophir Energy plc. This payment was triggered by the achievement of various operational targets on the Bangkanai licence in Indonesia, previously owned by the Company. The Company will announce any further receipts of contingent consideration if and when they are received.
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For further information, please contact:
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Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700
Patrick d'Ancona
Chris McMahon
Alexandra Roper
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Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive Officer
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Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
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Cantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896
Sarah Wharry
David Porter
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